Senior Associate

New York Life Insurance Company; City of White Plains (NY); On-site; USD 106,423 - 130,072; Full time

Benefits offered by this job

Comprehensive benefits package

Adoption assistance

Student loan repayment programs

Job summary

A leading financial services firm is seeking a Senior Associate to enhance financial modeling and risk management practices. The candidate will analyze investment performance, conduct portfolio cost analysis, and automate workflows. A Master's degree in relevant fields and at least one year of related experience are required, alongside strong skills in SQL, Excel, and Python. The role offers a comprehensive benefits package and is fully onsite in White Plains, NY.

Qualifications

• Master's degree or equivalent experience in relevant field required.
• Experience developing and analyzing financial models needed.
• Strong expertise in Microsoft Excel and Python crucial.

Responsibilities

• Leverage financial planning and risk management for analysis.
• Conduct monthly portfolio cost analysis for credit rate setting.
• Migrate models from Excel to Python to improve workflow efficiency.

Skills

SQL

Excel

Python

Excel VBA

Tableau

Education

Master's degree in Enterprise Risk Management

Bachelor's degree in related field

Job description

Job Overview

Pay Transparency: Overtime eligible: Exempt

Job Requisition ID: 92504

Location Designation: Fully Onsite

Location: 44 South Broadway, White Plains, New York 10601 (fully in office)

Offered Wage: $118,248/year

Eligible for Employee Referral Program.

Apply online at https://www.newyorklife.com and reference job title.

Responsibilities

Senior Associate to leverage financial planning, risk management, advanced financial modeling, risk analysis, and strategic planning to analyze master projection model usage and perform in‑depth analysis of investment performance. Conduct monthly portfolio cost analysis to set credit rates by contributing to derivative and cashflow models, gathering data from other groups, and generating scenario analyses. Enhance strategic planning for asset liability management (ALM) by managing risks associated with investment portfolios and asset liquidity. Improve workflow processes and elevate efficiency by migrating portions of model input and output from Excel to Python eliminating manual data manipulation and running models. Complete ad hoc requests, including portfolio yields scenario analysis and investment costs to set credit rates for multiple product lines.

Qualifications

Master’s degree in Enterprise Risk Management, Actuary Science, Financial Engineering, or related field (willing to accept foreign education equivalent) plus one year of experience as a Senior Associate or related occupation in a data or quantitative role developing and analyzing financial models with insurance related experience, or, alternatively, a Bachelor’s degree in Enterprise Risk Management, Actuary Science, Financial Engineering, or related field (willing to accept foreign education equivalent) plus three years of experience as a Senior Associate or related occupation in a data or quantitative role developing and analyzing financial models with insurance related experience.

Specific skills/other requirements: Must also possess the following (quantitative experience requirements not applicable to this section): input data into financial model using SQL and Excel; leverage Python and Excel VBA models to perform complex calculations, ensuring consistency and accuracy in the output of monthly crediting rates; integrate trend and factor changes (e.g., credit spreads, interest rate fluctuations) into models, ensuring alignment with current business strategies; identify trends, anomalies, and potential areas for optimization; develop and improve financial model automation and implement additional data validation checks, error‑handling mechanisms, and control frameworks to minimize operational risks; Microsoft Excel Macro and VBA, Python and SQL, Tableau, and professional knowledge of insurance industry; risk expertise including Risk Reporting (RCSA, KRI, Risk Heatmap, Gap analysis, Risk metrics) or Risk Modeling (VaR, ES, Risk Exposures).

Company Overview

At New York Life, our 180‑year legacy of purpose and integrity fuels our future. As we evolve into a more technology‑, data‑, and AI‑enabled organization, we remain grounded in the values that drive lasting impact.

Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem‑solving, and purpose‑driven innovation. Here, you’ll find the rare balance of long‑standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.

As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

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